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we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is going. fema needs reform. we should be reformed it the last two years, a decade ago, after katrina problems and hopefully we can make progress when we do that. >> thank you very much. we appreciate your time. >>> still to come, france has sent more troops in to mali to fight the war there and the united states promises to help. what is help going to mean for american troops? >>> plus an "outfront" investigation, birth tourism. paying women big money to come to the united states and give birth to new american citizens. >>> and president obama goes it alone on gun control. one senator compares the p
we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is...
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Jan 18, 2013
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and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean, they just loaded both of the barrels and came after me also. i was just talking tonight with somebody who worked for me in my congressional office, arlene hal pernin. she said the phones never stopped ringing. and that's one of the problems. but as a member of congress you have to understand that people do not call in when they're satisfied. so nine out of ten calls said vote against this. and at that time it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i like
and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean,...
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i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid red county, folks. 90% of the residents there voted for mitt romney. less than 9% voted for barack obama. burnett's controversial pricing is getting him free publicity and lots of love from local republicans. but his stunt will not single-handedly fund jim demint and the heritage foundation. at $1 per liberals, let's add it all up. >> actually, all three liberals have been happy to pay it. >> there you go. heritage foundation, good luck with the three extra bucks. don't spend it -- well, yeah, go ahead, spend it in one place. >>> tonight in our
i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid...
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Jan 16, 2013
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on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's deb
on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times,...
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Jan 18, 2013
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. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a go
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in...
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and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the b
and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the...
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Jan 17, 2013
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by the death tax. people didn't like it before. they don't like it now. >> i feel like with gun laws in particular the second amendment is the go-to argument. it is the banner under which the nra marches. >> i think it's enjoyable for people who felt like they're being bullied by the second amendment, and -- until obama went out and said you have a right to worship freely, i really don't. i tend to think that the people who -- >> i think that it does reframe it so that folks actually feel comfortable coming in, and actually supporting. what i mean by that is, like, nra members are actually overwhelmingly in support of a lot of the stuff with the president is doing, and by saying it actually gives them talking points to talk to their friends and family about it, and that's what they're trying to do. >> right. >> and if glen is right and we're moving towards a second term in which the president is going to be more forth rightly liberal and more principled, then this makes sense, right. this is re-establi
by the death tax. people didn't like it before. they don't like it now. >> i feel like with gun laws in particular the second amendment is the go-to argument. it is the banner under which the nra marches. >> i think it's enjoyable for people who felt like they're being bullied by the second amendment, and -- until obama went out and said you have a right to worship freely, i really don't. i tend to think that the people who -- >> i think that it does reframe it so that folks...
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as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's message is out of sync with that heartbeat and i think there are ways and opportunities for them to get back in sync to lay out that concern about the second amendment and why the protection is important, but put it out there in the context of those kids who were killed because that's what people see most of all. >> let's talk about the president's strength now. bob, this monday and this tuesday he will have taken the oath a second time. the american people have doubled down on this president, a majority of the american people have voted for this guy. two majority votes. he will have that in his pocket s
as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's...
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we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit. in a powerful moment today the president spoke about meeting the parents of newtown victim grace mcdonnell. there she is. let's take a look. >> grace was seven years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. chris, her father, gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at that painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all i think about how when
we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit....
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a lot of people who are lower down the food chain, the economic chain, who are also paying lots of taxes relative to their income, and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change. there are a lot of things that the american people are expecting, and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. >> chris, what's sad to me about that is that by virtue of mentioning the phrase climate change, it's almost like colin powell has kicked himself out of the republican party. this party used to play ball on that issue. now they're denying the actual science behind it. they have swung so far right, and my question after all of this, after that interview which was incendiary and was very much a line in the sand for the gop -- >> it's history making. >> -- when will the republican party admit they have a problem? because every time something like this happens, there is a doubling down, there is a defense, there is an attack
a lot of people who are lower down the food chain, the economic chain, who are also paying lots of taxes relative to their income, and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change. there are a lot of things that the american people are expecting, and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. >> chris, what's...
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priorities in the order we're putting them, protecting the wealthy, protecting the lowest corporate tax rates since the 1970s and looking at deep cuts that are going to hurt these people. so i hope, and i think there is some sign today that the president is talking about really holding the line on that. >> well, i think the president is going to hold the line. he was pretty strong about that today. gop pollster frank luntz was asked on fox news the republican failure to win over americans with their rhetoric on spending. here it is. >> do you believe the error is smaller government, the adjustment should be more effective and efficient government. why are those words so important? >> because the american people don't care what the size of government. they do care what types of services government gives. and quite frankly, how much government takes. >> and also, whether the government pays its bills or not. but e.j., this is all in the arena of the republican mantra that they want to make sure that they drive home to the american people that government doesn't do anything well, that we m
priorities in the order we're putting them, protecting the wealthy, protecting the lowest corporate tax rates since the 1970s and looking at deep cuts that are going to hurt these people. so i hope, and i think there is some sign today that the president is talking about really holding the line on that. >> well, i think the president is going to hold the line. he was pretty strong about that today. gop pollster frank luntz was asked on fox news the republican failure to win over americans...
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he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the calculation, you know what, the public is going to be on our side, because we have to get on a path of fiscal sustainability over the long term so they're going to be with us, they're going to want spending cuts. >> we've been measuring the political pressure on the speaker as it builds, it seems, to a big climax here. how much pressure is he in right now? >> huge amount of pressure. don't forget, he didn't have a great time in the fiscal cliff fight. he couldn't bring a majority of his own caucus to vote for that final proposal. this time, his own caucus has put him on notice. a, don'
he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the...
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the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the ages of 2011, they thought that using the debt ceiling was a great idea and got them great leverage. they have climbed up the mountain and rig down the mountain so many times with this president. >> climbed down the mountain. i think it was a -- >> good point. talk about a cliff. but, you're right. they don't really want to play that game. they don't want to be accused of not paying the country's bill, but how do thaw use that leverage in order to finally get to cuts, which the president said will be coming, but never seems to come in their lives. >> back to the white house here, boy, the markets would love t
the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. >>> the parade has begun. it is moving down pennsylvania avenue. there are marching bands. there are a lot of floats. there's a lot of people who are celebrating this day. an important day in american history. the inauguration of president obama for the second time. kate bolduan is watching what's going on, jeffrey toobin with me as well. once they get to the reviewing stand, they will be saluting all of these participants, and there are a lot of them, who have come to washington from all over the country. >>cy actually read there were twice as m
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of...
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i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to be a lot of focus on gun control. there has been since the shooting, and there will be when the president unveils his package today. i would caution people to look at the
i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody...
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i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was fair and it protected the middle class, and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 20112 is the fact that we have already made $1.2 trillion in cuts, and at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth. i said at the time i think we should pair it up with revenue in order to have an overall balanced package, but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made, and we've made
i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was...
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun free zones for ours. >> well, according to poe litke yoe, nra is launching a new lobbying push. the group is turning to allies in the gun manufacturing lobby who are making the case that guns are also about jobs. >>> moving to the debt debate. the u.s. government expected to reach the borrowing limit in one month, newt gingrich says republicans are making a mistake by trying to link the debt ceiling to a deal on spending cuts. >> in the end, it's a threat they can't sustain. no one is going to default. no one is going to allow united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will. because we have no evidence of president obama's going to compromise. i think the pres
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun free zones for ours. >> well, according to poe litke yoe, nra is launching a new lobbying push. the group is turning to allies in the gun manufacturing lobby who are making the case that guns are also about jobs. >>> moving to the debt debate. the u.s. government expected to reach the borrowing limit in one...
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in favor of boosting sales tax rates. free market economists have praised the idea, but liberal economists say poor people would be bearing the brunt of the cost because they spent a greater share of income on consumer goods. can i stop here for one second? >> uh-huh. >> steve rattner, here's a great example. bobby jindal, like me, a really conservative guy economically. but has come out and spoken out against the stupid wing of the republican party. he's been very responsible. remember right after the election? >> yeah. >> like come on, we have got to be more inclusive, guys, and got to stop being the stupid party. here's a great example. you can disagree with bobby jindal on economics, which i'm sure you do -- >> right. >> -- because he's a lot like me, but you can respect bobby jindal as being a smart guy who wants to expand the party and be more inclusive. >> yeah. i agree. i respect him for all those things. and i think he is part of the future of the party. this particular proposal, i think what you said about it is
in favor of boosting sales tax rates. free market economists have praised the idea, but liberal economists say poor people would be bearing the brunt of the cost because they spent a greater share of income on consumer goods. can i stop here for one second? >> uh-huh. >> steve rattner, here's a great example. bobby jindal, like me, a really conservative guy economically. but has come out and spoken out against the stupid wing of the republican party. he's been very responsible....
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Jan 20, 2013
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one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meetin
one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on...
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taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon: republican or democrat, senator or congressman, team edward or team jacob, everyone agrees john boehner sucks. at least we can be assured that as the incoming congress votes for a new speaker of the house, it's clear what the out
taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can...
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there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that they're willing to do it. but by the same token, obama cannot get into this because then you have government in the hands of -- never mind the constitution, the government is run by whoever is most willing to wreak havoc with our whole system of -- with the nation. we cannot allow ourselves to be blackmailed into spending cuts, partly because blackmail should not be part of how the u.s. operates, and partly because spending cuts would be disastrous right now. so obama's right to say he doesn't negotiate. i'd like to know exactly what he will do if it turns out that there
there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that...
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Jan 14, 2013
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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Jan 18, 2013
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the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea. but now that we have resolved the revenue issue, tax reform ought to be revenue neutral as it was back during the reagan administration. >> reporter: the president and congressional democrats disagree. >> but spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations shouldn't be able to take advantage of loopholes and deductions that aren't available to most americans. >> trust me, there are plenty things within that tax code, these loopholes, where people can park their money on some island offshore
the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of...
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i think the main reason that they -- they don't want fica taxes to get so low that people get used to paying an amount that can't fund the social security trust fund. it's odd because of all the things we discussed in the fiscal cliff. >> yeah. >> most of them wish use that might affect economic growth in the future. this was a tax that, according to most people rating it, was worth about 0.8 points of economic growth, and they -- no one talked about it. >> few were talking about it. they were just trying to get to a deal as you're saying there now, dave. now we're seeing this real impact on the paychecks, might there be political backlash from voters for the president or for republicans on this. i almost said the beauty. kind of using the word ironically. the beauty of this issue like this where neither party advocated for it. neither party thinks they can be blamed. >> hurt by it. >> we know what republicans propose in various rounds of fiscal cliff negotiations, and they never proposed an extension to this. they could cynically say, look, and you hear some kind of republican pundit
i think the main reason that they -- they don't want fica taxes to get so low that people get used to paying an amount that can't fund the social security trust fund. it's odd because of all the things we discussed in the fiscal cliff. >> yeah. >> most of them wish use that might affect economic growth in the future. this was a tax that, according to most people rating it, was worth about 0.8 points of economic growth, and they -- no one talked about it. >> few were talking...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have private security guards. we're not talking about the secret service. david gregory's kids go there, too. send their kids to schools where they have protection and then poo-poo the idea that the average american's children should have the same sort of protection. >> the white house press secretary jay carney, among other people, were very disappointed. they say, most americans agree that a president's children should not be used as pawns in a political fight but to go so far as to make the safety of the president's children the subject of an attacked a is pungent. >> they know the point. the elitist kids safety
obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have...
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as for the bill itself, the pathway to citizenship would come with a payment of fines and back taxes. the bill would also include a nationwide legal verification system for all newly hired workers. additional visas for highly skilled immigrants and a guest worker program. top senate democrat harry reid sounded optimistic about its passage. >> tentatively on a path to citizenship which has been a stumbling block. we need to promote bipartisan bills quicker than you think. >> you are confident this will amount to something substantial? >> we'll do something significant. >> then again, there's always the lower chamber. according to texas congressman lamar smith, any bill with a pathway to citizenship will have a hard time passing. phil, the georgia republican who weighed in so very eloquently on todd aken's rape comments this weekend, told the "new york times" he remains opposed to amnesty of any kind. joining us now is telemundo jose diaz. it is always a good day when you are on this program, my friend. great to see you. >> thank you so much. thank you so much. >> jose, let me ask you -
as for the bill itself, the pathway to citizenship would come with a payment of fines and back taxes. the bill would also include a nationwide legal verification system for all newly hired workers. additional visas for highly skilled immigrants and a guest worker program. top senate democrat harry reid sounded optimistic about its passage. >> tentatively on a path to citizenship which has been a stumbling block. we need to promote bipartisan bills quicker than you think. >> you are...
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Jan 16, 2013
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we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fema needs reform. we should have reformed it the last two years. they should have reformed it a decade ago, after the katrina problems. hopefully we can make some progress when we do that. >> thank you very much. we appreciate your time tonight. >>> still to come, france has sent more troops into mali to fight the war there and the united states promises to help. but what is help really going the mean for american troops? >>> plus, an "outfront" investigation. birth tourism. paying women big money to come t
we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that...
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Jan 21, 2013
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he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, sp
he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out...
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Jan 19, 2013
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man who has raised taxes on just about everybody. has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? com
man who has raised taxes on just about everybody. has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a...
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Jan 21, 2013
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obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to school, by and large protected by police and armed security. i mean, what's unfair is there are moms and dads all over this country, getting up and sending their kids to school on monday and tuesday next week that are praying that their kids come whom safe. and we could immediately help protect those kids by putting armed security in schools, same armed security that the elite has. it's the same with self-defense. these celebrities in hollywood, the rich, the powerful, the politicians are all protected, body guards, security, all the magazines they want. i mean, since when does the idea of protection limited to a
obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to...
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Jan 19, 2013
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obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to school, by and large protected by police and armed security. i mean, what's unfair is there are moms and dads all over this country, getting up and sending their kids to school on monday and tuesday next week that are praying that their kids come whom safe. and we could immediately help protect those kids by putting armed security in schools, same armed security that the elite has. it's the same with self-defense. these celebrities in hollywood, the rich, the powerful, the politicians are all protected, body guards, security, all the magazines they want. i mean, since when does the idea of protection limited to a
obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to...
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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. >>> the gun control debate who will be our next secretary of defense and whether your taxes are going to go up. in case you missed them, they were some of the topics on the sunday political talk shows. to save you some time, we brought together the bright points. take a look. >> do you think you have enough support on alcohol kohl keep an assault weapons ban from passing? >> if he is willing to expend the political capital, you don't want to make predictions, and yo you don't want to bet your house on the outcome, but i would say that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> this is not your father's nra, but it represents gun manufacturers and less than half of the funding comes from their member, and they make tens of millions of dollars off of the purchases of guns. >> just his overall temperament and is he suited to run a department or big agency or big entity like the pentagon? >> you have questions about his temperament? >> i think -- i think -- i think there are numbers of staffers who are coming forth now just
. >>> the gun control debate who will be our next secretary of defense and whether your taxes are going to go up. in case you missed them, they were some of the topics on the sunday political talk shows. to save you some time, we brought together the bright points. take a look. >> do you think you have enough support on alcohol kohl keep an assault weapons ban from passing? >> if he is willing to expend the political capital, you don't want to make predictions, and yo you...
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compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether it is fair game to use the debt ceiling as a piece of political leverage to get the government to stop its spending. on the one hand, people on the right say, well, what else are we going to use? we are engaging in sort of financial madness spending so much so we have to use whatever tool is available there and you heard the president yesterday, tamron, saying this is like taking the economy hostage by threatening not to pay debts that we have already incured. >> tyler, as i mentioned, the dow up just a little bit today. how soon will we see perhaps start to see an impact on the arrows on the sc
compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether...
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Jan 21, 2013
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he said he has changed his position that he said he wouldn't change at all on the tax line. but he seems to be taking a very different approach. >> jennifer: hank i want to play a sound bite. take a listen. >> obama: our journey is not complete until all of our children from the streets of detroit to the hills of app lay cha to the lanes of newtown know they are cared for and cherished and always safe from harm. >> jennifer: i think he takes his role as a protector and chief very seriously. but he also signaled how he is going to deal with congress. what do you think it really signals about what he is going to be able to get done in congress. >> i'm happy he loves children, but he wants the house back in 2014. >> jennifer: that's a political statement. >> i can't help it. he vested everybody by giving up a lot, the negotiations are already over because they conceded, and now on guns he is trying to position the republicans way out there so they can look like the victors. >> jennifer: yeah, i don't think he has to try very hard to out position guns. if it has anything involvi
he said he has changed his position that he said he wouldn't change at all on the tax line. but he seems to be taking a very different approach. >> jennifer: hank i want to play a sound bite. take a listen. >> obama: our journey is not complete until all of our children from the streets of detroit to the hills of app lay cha to the lanes of newtown know they are cared for and cherished and always safe from harm. >> jennifer: i think he takes his role as a protector and chief...